Prufesh R. Modhera

Partner-in-Charge, Washington, DC
Co-Chair, Private Investment Funds

Prufesh Modhera


Prufesh Modhera is a proactive and practical adviser to investment management clients on federal securities law matters. He currently serves as partner-in-charge of the firm’s Washington, D.C., office.

His practice includes counseling investment companies, investment advisers and independent directors on complex securities law issues arising under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. He also assists in responding to SEC inquiries and provides advice to boards of directors on various governance issues.

In addition, Prufesh helps sponsors and investment advisers form and structure private investment funds including domestic and offshore hedge funds, funds of hedge funds and private equity funds.

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Representative Matters

  • represented Nationwide Financial in its agreement with HighMark Capital Management, Inc. to acquire 17 equity and bond mutual funds with $3.6 billion in assets including the reorganization of those funds into the Nationwide Mutual Fund complex
  • represented Nationwide Mutual Funds in the adoption of various mutual funds from UBS and Thompson, Siegel & Walmsley
  • represented Bridgeway Funds in various fund adoption transactions with American Beacon
  • represented Bridgeway Funds in obtaining an inter-fund lending order from the SEC
  • represented Bridgeway Capital Management in obtaining an order under Section 2(a)(9) of the 1940 Act overcoming the presumption of control so that a future change of control of adviser would not require a vote of shareholders of mutual funds to reapprove the advisory agreement 
  • represented the independent trustees of the First Investors Funds in the acquisition of First Investors Management Company by Foresters, a Canadian insurance company
  • represented a large institutional investor and its various affiliates in negotiating investments exceeding $2.5 billion in various private funds
  • engaged by various investment advisory subsidiaries of a large insurance company to prepare all offering and organizational materials for the launch of several private funds including hedge funds and private equity funds
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Bar Admissions
  • District of Columbia
  • New York
  • J.D., American University Washington College of Law
  • M.B.A., Georgetown University
  • B.A., Rutgers University

  • American Bar Association
  • New York State Bar Association
  • Stradley Ronon Diversity Group

  • Gujarati

Speaking Engagements

  • Panelist, “The Regulation of Startup Hedge Funds,” The Hedge Fund Startup Forum
  • Presenter, “Investment Management M&A”
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